Expect the 2021 M&A environment to be shaped on the one hand by long-running pressures to sell balanced on the other hand by concerns about post-pandemic asset quality, the strengths of banks’ core businesses and valuation mismatches.
Browsing: Mergers and acquisition
The crystal ball for 2021 might be statistically clear, but looking behind the numbers reveals competing pressures for and against continued industry consolidation.
The FDIC today released a large-scale Community Banking Study that examines community bank performance between year-end 2011 and year-end 2019.
The American Bankers Association today urged the Department of Justice to reexamine how it defines geographic markets in its guidelines for reviewing competitive effects of bank mergers and acquisitions, saying they currently “fail to account for significant competition in many product lines, especially in many rural markets.”
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors.
In recent years, high-profile class action settlements have been criticized for delivering little to no monetary relief to plaintiffs, instead, providing coupons, injunctive relief or “cy pres” relief in which the defendant makes charitable donations, while making large fee awards to attorneys.
Noting the rapid technological transformation of financial services, the Justice Department’s Antitrust Division today requested public comments on whether and how it should revise its guidelines—virtually unchanged since 1995—for reviewing the competitive effects of bank mergers.
The Iowa Division of Banking on Monday blocked the sale of First American Bank’s remaining Iowa-based assets and branches to Green State Credit Union, a $5.8 billion institution based in Iowa City.
Diving into the data on why community banks buy and sell—and how they can position themselves to succeed.
Increasing scarcity of both buyers and sellers will drive bank mergers and acquisitions in 2020, a top bank deal lawyer says on the latest episode of the ABA Banking Journal Podcast.